Lenders that sell their loans today are also taking part in what they call CMBS 2.0 (post 2007 underwriting criteria, where it is very common to see certain terms and conditions implemented for the additional security of the bondholders, and the increased risk of the Borrower (you)).The one thing that I see over and over – even with some of the biggest players in the market, is this: Investors spend a lot of time and attention on the due diligence of the property, economics affecting property performance, property management, repositioning, and on closing the loan - - and NOT AS MUCH ATTENTION IS USED TO PREPARE FOR THIS ENTRY INTO THE FINANCIAL MARKETS, (WHERE THEY WILL BE RESIDING FOR UP TO TEN YEARS) AND HOW IT CAN ADVERSELY AFFECT THEIR RETURNS.

I am very new to real estate and BiggerPockets but I'm very confident that this is the path I want to take for financial freedom and a fun filled less stress life! 

Your not going to find a nice move in condition home on the MLS with an agent for $30k.

I'm not planning on violating anyone's privacy or threatening anyone, and that person has been fine as an abutter.  

I'm currently reading Brandon Turner's book, The Book on Rental Property Investing, and listening to Scott Trench's book, Set For Life.

I then calculate my All-in cost basis (Purchase price, Rehab costs, Holding and Closing costs) using the LTV ratio the lender provides.If it still looks good after the analysis I will visit the property to get an idea of the condition (taking pictures).  

We do not want to move to California because life is too expensive over there.

We bought a house in fair condition, which most people would consider a teardown in my area.  

In October 2018, I will be transferring from the military life into the civilian life.

Going thru the building I'd say its in no worse than average condition, for this demographic the units will work fine.